Shares of Sophos Group PLC (LON:SOPH) have received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 455.83 ($5.96).
SOPH has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a GBX 460 ($6.01) price objective on shares of Sophos Group in a research report on Friday, May 17th. Shore Capital reissued a “hold” rating on shares of Sophos Group in a research note on Thursday, May 16th. Numis Securities reissued a “hold” rating on shares of Sophos Group in a research note on Monday, June 10th. Liberum Capital reissued a “hold” rating on shares of Sophos Group in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their target price on Sophos Group from GBX 480 ($6.27) to GBX 490 ($6.40) and gave the company an “overweight” rating in a research note on Monday, July 15th.
In related news, insider Nick Bray sold 23,105 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of GBX 385 ($5.03), for a total transaction of £88,954.25 ($116,234.48). Also, insider Kris Hagerman sold 19,414 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 402 ($5.25), for a total value of £78,044.28 ($101,978.68).
Sophos Group Company Profile
Sophos Group plc, through its subsidiaries, provides cloud-enabled end-user and network security solutions. The company offers XG Firewall, a next-generation firewall protection for network, users, and applications from new control center; SG UTM, a user interface to protect network and users; Secure Wi-Fi, a wireless access point; Secure Web Gateway for Web security; Secure Email Gateway solutions; and Phish Threat, an email phishing test simulation and training product.
Featured Article: What is a Reverse Stock Split?
Receive News & Ratings for Sophos Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sophos Group and related companies with MarketBeat.com's FREE daily email newsletter.